[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.03.24 18:06
• [New breakthroughs in scientific research in China]
• Recently, a joint research team consisting of China Aerospace Science and Technology Corporation 811 Institute and Nankai University announced that they have successfully developed a new type of hydrofluorocarbon electrolyte. This technology is expected to significantly improve the energy density and extreme low temperature adaptability of lithium batteries. The team has overcome technical challenges such as the inability of fluorine to dissolve lithium salts and synthesized a new electrolyte solvent containing monofluorinated alkanes.Editor/Yang Meiling

• 2026.03.24 18:06
• [Taisu Energy, Brazilian Firms Partner to Explore South American Energy Storage Market]
• Recently, Chinese energy storage company Yongtai Shuneng officially signed a strategic cooperation agreement with a leading local enterprise in Brazil, and the two sides will work together to explore the energy storage market in Brazil and even the entire South America. According to the agreement, the Brazilian company will become the exclusive agent of Yongtai Shuneng in the local area, and the two parties will focus on in-depth cooperation around optical storage integrated machines and industrial and commercial energy storage products.Editor/Yang Meiling